Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

Nigeria’s recognition standing agency, Agusto & Co., has assigned beardown ratings to Heirs Insurance Group’s beingness and wide businesses.

The Group’s specializer beingness security business, Heirs Life Assurance (HLA), was upgraded from “A—” to “A” (long-term), with a short-term standing of “A1.” The group’s wide security business, Heirs General Insurance (HGI), was rated “A—” (long-term) and “A1” (short-term).

Both businesses received a “Stable Outlook”, reflecting the Group’s fiscal strength, businesslike claims management, and expanding marketplace footprint, driven by customer-first innovations and integer capabilities. It further positions the Group arsenic a trusted partner, committed to simplifying entree to security and ensuring semipermanent worth creation.

Agusto & Co. noted that the caller ratings for some companies bespeak their robust capitalisation, expanding marketplace share, and operational resilience.

The unchangeable outlook crossed some entities affirms the Group’s applicable governance model and accordant execution of its strategy.

Commenting connected the upgraded ratings, MD/CEO, Heirs Life Assurance, Niyi Onifade said, this designation from Agusto & Co. is simply a wide endorsement of its fiscal spot and operational discipline, adding that, the upgrade from “A-“ to “A” for agelong term, and short-term standing of “A1”, some item the advancement “we person made successful gathering a trusted, customer-first security company. The Stable Outlook appraisal besides reassures our customers and partners that Heirs Life remains a reliable insurer susceptible of delivering connected its promises.”

MD/CEO, Heirs General Insurance, Wole Fayemi added, “Our affirmed standing of “A-“ with a Stable Outlook validates our accordant show and committedness to excellence. It reflects the spot of our equilibrium sheet, prudent underwriting philosophy, and absorption connected delivering exceptional work to our customers.”

Heirs Insurance Group is the security limb of Heirs Holdings, a pan-African concern institution with investments successful 24 countries and 4 continents.